Obama's Stimulus Costs $278K Per Job

A war of words was heating up today over claims that President Barack Obama's stimulus package has cost taxpayers $278,000 for every job it created.

The conservative Weekly Standard extrapolated the figure from a report issued over the weekend by the president's own Council of Economic Advisors.

The program "did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt," Jeffrey H. Anderson wrote in the Standard article, which has received far more attention than the original report.